Global Magnetic Reed Switch Market Insights and Forecast to 2027

Magnetic Reed Switch consists of a pair of ferromagnetic reeds, which overlap at their free ends (contact area) at a very small distance and are hermetically sealed in a glass tube. When in the presence of a magnetic field, the reeds become magnetized to opposite polarity, thus attracting each other and closing contact. Like many other great inventions, reed switches were born at Bell Laboratories, invented there in the mid-1930s by Walter B. Elwood. Today, reed switches are still in common uses.
The magnetic reed switch market is concentrated market; key players include Standex, Nippon Aleph, RMCIP, Littelfuse, Coto Technology, HSI Sensing, PIC, PIT-RADWAR, Misensor, STG; the revenue of top ten manufacturers accounts about 80% of the total revenue, in 2018. The high-end products mainly come from North America, Japan and Russia.

Market Analysis and Insights: Global Magnetic Reed Switch Market
The global Magnetic Reed Switch market is valued at US$ 382.5 million in 2019. The market size will reach US$ 494.6 million by the end of 2026, growing at a CAGR of 3.7% during 2021-2026.

Global Magnetic Reed Switch Scope and Segment
Magnetic Reed Switch market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Magnetic Reed Switch market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Form A Reed Switch
Form B Reed Switch
Form C Reed Switch
Form A magnetic reed switch segment dominates the market contributing more than 70% of the total market share

Segment by Application
Automotive
Home Appliance
Office Automation
Industrial Control
Other
In 2018, demand for a automotive industry occupied the largest market, with 35% share.

By Company
Standex
Nippon Aleph
RMCIP
Littelfuse
Coto Technology
HSI Sensing
Comus International
PIC
PIT-RADWAR
Misensor
STG

Production by Region
North America
Europe
China
Japan
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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